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微宏控股（MVST）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
微宏控股的季度营收约是REGIS CORP的1.7倍（$96.4M vs $57.1M），微宏控股净利率更高（17.2% vs 0.8%，领先16.4%），REGIS CORP同比增速更快（22.3% vs -15.0%），微宏控股自由现金流更多（$15.8M vs $891.0K），过去两年微宏控股的营收复合增速更高（8.9% vs 7.8%）
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
MVST vs RGS — 直观对比
营收规模更大
MVST
是对方的1.7倍
$57.1M
营收增速更快
RGS
高出37.2%
-15.0%
净利率更高
MVST
高出16.4%
0.8%
自由现金流更多
MVST
多$14.9M
$891.0K
两年增速更快
MVST
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $96.4M | $57.1M |
| 净利润 | $16.5M | $456.0K |
| 毛利率 | 1.0% | — |
| 营业利润率 | -42.7% | 10.8% |
| 净利率 | 17.2% | 0.8% |
| 营收同比 | -15.0% | 22.3% |
| 净利润同比 | 120.1% | -94.0% |
| 每股收益（稀释后） | $0.19 | $0.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MVSTRGS
| Q4 25 | $96.4M | $57.1M | ||
| Q3 25 | $123.3M | $59.0M | ||
| Q2 25 | $91.3M | $60.4M | ||
| Q1 25 | $116.5M | $57.0M | ||
| Q4 24 | $113.4M | $46.7M | ||
| Q3 24 | $101.4M | $46.1M | ||
| Q2 24 | $83.7M | $49.4M | ||
| Q1 24 | $81.4M | $49.2M |
净利润MVSTRGS
| Q4 25 | $16.5M | $456.0K | ||
| Q3 25 | $-1.5M | $1.4M | ||
| Q2 25 | $-106.1M | $116.5M | ||
| Q1 25 | $61.8M | $250.0K | ||
| Q4 24 | $-82.3M | $7.6M | ||
| Q3 24 | $13.2M | $-853.0K | ||
| Q2 24 | $-101.6M | $91.2M | ||
| Q1 24 | $-24.8M | $-2.3M |
毛利率MVSTRGS
| Q4 25 | 1.0% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 34.7% | — | ||
| Q1 25 | 36.9% | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 33.2% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 21.2% | — |
营业利润率MVSTRGS
| Q4 25 | -42.7% | 10.8% | ||
| Q3 25 | 10.5% | 10.0% | ||
| Q2 25 | 17.8% | 12.1% | ||
| Q1 25 | 16.3% | 8.8% | ||
| Q4 24 | -1.2% | 11.8% | ||
| Q3 24 | 7.1% | 4.6% | ||
| Q2 24 | -118.0% | — | ||
| Q1 24 | -28.4% | 8.3% |
净利率MVSTRGS
| Q4 25 | 17.2% | 0.8% | ||
| Q3 25 | -1.2% | 2.3% | ||
| Q2 25 | -116.1% | 192.9% | ||
| Q1 25 | 53.0% | 0.4% | ||
| Q4 24 | -72.6% | 16.4% | ||
| Q3 24 | 13.1% | -1.9% | ||
| Q2 24 | -121.4% | 184.7% | ||
| Q1 24 | -30.5% | -4.7% |
每股收益（稀释后）MVSTRGS
| Q4 25 | $0.19 | $0.16 | ||
| Q3 25 | $0.00 | $0.49 | ||
| Q2 25 | $-0.33 | $43.67 | ||
| Q1 25 | $0.05 | $0.08 | ||
| Q4 24 | $-0.24 | $2.71 | ||
| Q3 24 | $0.03 | $-0.36 | ||
| Q2 24 | $-0.32 | $38.40 | ||
| Q1 24 | $-0.08 | $-1.00 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $105.0M | $18.4M |
| 总债务越低越好 | $13.2M | $113.3M |
| 股东权益账面价值 | $410.5M | $188.7M |
| 总资产 | $1.0B | $588.3M |
| 负债/权益比越低杠杆越低 | 0.03× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资MVSTRGS
| Q4 25 | $105.0M | $18.4M | ||
| Q3 25 | $90.7M | $16.6M | ||
| Q2 25 | $99.7M | $17.0M | ||
| Q1 25 | $90.9M | $13.3M | ||
| Q4 24 | $73.0M | $10.2M | ||
| Q3 24 | $63.6M | $6.3M | ||
| Q2 24 | $68.2M | $10.1M | ||
| Q1 24 | $39.5M | $5.9M |
总债务MVSTRGS
| Q4 25 | $13.2M | $113.3M | ||
| Q3 25 | $34.4M | $111.3M | ||
| Q2 25 | $34.2M | $110.8M | ||
| Q1 25 | $41.3M | $112.0M | ||
| Q4 24 | $41.1M | $111.5M | ||
| Q3 24 | $53.4M | $95.2M | ||
| Q2 24 | $34.2M | $99.5M | ||
| Q1 24 | $43.0M | $179.7M |
股东权益MVSTRGS
| Q4 25 | $410.5M | $188.7M | ||
| Q3 25 | $358.1M | $187.6M | ||
| Q2 25 | $356.1M | $185.6M | ||
| Q1 25 | $454.2M | $68.6M | ||
| Q4 24 | $387.9M | $66.7M | ||
| Q3 24 | $486.1M | $56.4M | ||
| Q2 24 | $455.0M | $56.8M | ||
| Q1 24 | $546.1M | $-35.8M |
总资产MVSTRGS
| Q4 25 | $1.0B | $588.3M | ||
| Q3 25 | $1.0B | $592.1M | ||
| Q2 25 | $1.0B | $599.0M | ||
| Q1 25 | $982.9M | $511.2M | ||
| Q4 24 | $951.9M | $530.1M | ||
| Q3 24 | $997.9M | $508.9M | ||
| Q2 24 | $961.4M | $530.5M | ||
| Q1 24 | $1.0B | $543.7M |
负债/权益比MVSTRGS
| Q4 25 | 0.03× | 0.60× | ||
| Q3 25 | 0.10× | 0.59× | ||
| Q2 25 | 0.10× | 0.60× | ||
| Q1 25 | 0.09× | 1.63× | ||
| Q4 24 | 0.11× | 1.67× | ||
| Q3 24 | 0.11× | 1.69× | ||
| Q2 24 | 0.08× | 1.75× | ||
| Q1 24 | 0.08× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $16.4M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $891.0K |
| 自由现金流率自由现金流/营收 | 16.4% | 1.6% |
| 资本支出强度资本支出/营收 | 0.7% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.99× | 3.65× |
| 过去12个月自由现金流最近4个季度 | $56.1M | $14.9M |
8季度趋势，按日历期对齐
经营现金流MVSTRGS
| Q4 25 | $16.4M | $1.7M | ||
| Q3 25 | $15.2M | $2.3M | ||
| Q2 25 | $37.2M | $6.8M | ||
| Q1 25 | $7.2M | $6.2M | ||
| Q4 24 | $6.1M | $2.1M | ||
| Q3 24 | $-5.4M | $-1.3M | ||
| Q2 24 | $111.0K | $5.1M | ||
| Q1 24 | $2.0M | $-277.0K |
自由现金流MVSTRGS
| Q4 25 | $15.8M | $891.0K | ||
| Q3 25 | $1.2M | $1.9M | ||
| Q2 25 | $34.3M | $6.2M | ||
| Q1 25 | $4.8M | $5.9M | ||
| Q4 24 | $5.7M | $1.7M | ||
| Q3 24 | $-19.6M | $-1.4M | ||
| Q2 24 | $-2.8M | $5.1M | ||
| Q1 24 | $-8.2M | $-326.0K |
自由现金流率MVSTRGS
| Q4 25 | 16.4% | 1.6% | ||
| Q3 25 | 1.0% | 3.2% | ||
| Q2 25 | 37.5% | 10.3% | ||
| Q1 25 | 4.1% | 10.3% | ||
| Q4 24 | 5.1% | 3.6% | ||
| Q3 24 | -19.3% | -3.0% | ||
| Q2 24 | -3.4% | 10.3% | ||
| Q1 24 | -10.1% | -0.7% |
资本支出强度MVSTRGS
| Q4 25 | 0.7% | 1.4% | ||
| Q3 25 | 11.3% | 0.7% | ||
| Q2 25 | 3.1% | 0.9% | ||
| Q1 25 | 2.0% | 0.6% | ||
| Q4 24 | 0.3% | 0.9% | ||
| Q3 24 | 14.0% | 0.0% | ||
| Q2 24 | 3.5% | 0.0% | ||
| Q1 24 | 12.6% | 0.1% |
现金转化率MVSTRGS
| Q4 25 | 0.99× | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | 0.12× | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | -0.41× | — | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
